Barclays to price return optimization securities linked to Dow Jones - UBS Commodity via UBS

By Angela McDaniels

Tacoma, Wash., Feb. 3 - Barclays Bank plc plans to price 0% return optimization securities with contingent protection due Feb. 28, 2013 linked to the Dow Jones - UBS Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any index gain, subject to a maximum return of 45% to 52% that will be set at pricing. If the index return is between zero and negative 30%, the payout will be par. If the index return is less than negative 30%, the payout will be par plus the index return.

The notes are expected to price Feb. 23 and settle Feb. 26.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.